Form 4: Disney Executive Brent Woodford Reports Acquisition of Restricted Stock Units

EVP Brent Woodford reports acquisition of 2,153 restricted stock units of Walt Disney Co. stock.

Summary

• On September 23, 2024, Brent Woodford, EVP, Control, Fin Plan & Tax at Walt Disney Co., acquired 2,153 restricted stock units (RSUs) that convert into common stock on a 1-for-1 basis.
• The RSUs were granted under the company's Amended and Restated 2011 Stock Incentive Plan and are exempt under Rule 16(b)-3.
• 1,076 shares are scheduled to vest on September 23, 2025, and 1,077 shares on September 23, 2026.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to executive compensation, indicating a neutral sentiment.

Positives

• The grant of restricted stock units aligns executive compensation with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the executive.

Future Outlook

The executive will receive shares of Disney common stock as the restricted stock units vest over the next two years.

Industry Context

Executive compensation in the entertainment industry often includes stock-based awards to align management interests with shareholder value.

Stakeholder Impact

• Shareholders may view the stock award as a positive incentive for the executive to drive long-term value.

Key Dates